On 3 February 2016, the High Court in London ordered 19 companies into liquidation, following an investigation by the Insolvency Agency. One of the companies is CNI (UK) Ltd, whose director Edward Carlton had previously worked as “Head of UK Operations” at Carbon Neutral Investments.
Windward Capital Ltd sold carbon credits to the public as an investment. Earlier this month, it was ordered into liquidation in the High Court for duping investors with false and misleading claims. Two related companies, Met-X Corp. Ltd and Imarc Ltd, were also closed down.
On 2 July 2014, the High Court in London ordered two more companies that sold carbon credits as investments into liquidation on the grounds of the public interest. The two companies, Pinecom Services Ltd and Pine Commodities Ltd, had taken almost £2 million from the public.
The Trend is Blue is a company that used to sell near-worthless carbon credits as investments. That’s the boiler room part of the carbon credits scam. Now the company rings people up to tell them that they have a buyer for their near-worthless carbon credits. For an advance fee, no doubt. That’s the recovery room part of the scam.
Following an investigation by the Insolvency Service, 13 companies that sold carbon credits as investments have been wound up in the UK’s High Court on the grounds of public interest. The companies had scammed people out of more than £19 million.
According to an article in the Mail on Sunday, thousands of UK Barclays Bank customer files have been stolen and sold on to boiler room companies. The companies used the information in the files to pressure people into investing in scams: rare earth metals; diamonds; and carbon credits.
Kingsley Advice Group claims to have “a long history of success” and to be a “trusted name in financial services”. Both of these statements are lies. The company was recently created. And it’s a scam, not a “trusted name”.
In March 2013, REDD-Monitor wrote about a company called Anglo-Capital Partners, which was selling carbon credits as “a phenomenal alternative investment opportunity”. Last month, after an investigation by the Insolvency Service, Anglo-Capital Partners was ordered into liquidation in the High Court.